# Strong demand for Intel's central processors from firms offering AI services was so strong in the first quarter that it sold even chips it had originally written off.

*semiconductor · news · 2026-04-24 · The Economic Times*

## Key points

- Intel sold previously written-off CPUs due to unexpectedly high AI-driven demand in Q1.
- Intel's market value surpassed $416 billion, exceeding its dot-com era peak.
- Intel secured Tesla as a customer for its next-generation 14A chipmaking process.
- Intel now trades at 90 times forward earnings, much higher than AMD and Nvidia.
- Analysts expect Intel’s foundry business could meaningfully contribute by 2027.

**Companies:** Intel, Nvidia, Advanced Micro Devices, Qualcomm, Arm
**Countries:** United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/intel-stock-surges-24-as-ai-driven-cpu-demand-fuels-turnaround/articleshow/130497683.cms)

---

Canonical: https://newsio.io/n/8fd260a2-58bc-4ade-87ac-a687a4610e19/strong-demand-for-intels-central-processors-from-firms-offering-ai-services-was
Summarized by Newsio from The Economic Times. https://newsio.io/how-it-works